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20130206
20130206
Search Results 0 to 4 of about 5 (some duplicates have been removed)
. a strong place for estee lauder is china, with quarterly sales up 28%. the same cannot be said for yum brands and its k.f.c. brand, and sales at those store open for at least a year in china were down 6% in the fourth quarter. k.f.c. was the target of a chinese government investigation into the use of antibiotics in chicken. it expects earnings per share to fall this year, sending shares down 2.9% to their lowest closing price since july. as we reported earlier in the program, the u.s. government officially filed civil fraud charges against s&p credit ratings services, and the shares of its parent company took another hit. mcgraw hill stock fell another 10.7%. the stock was above $58 per share last friday; tonight, it's below $45, losing more than $3.5 billion of market value in two days. while its competitor in bond ratings, moody's, isn't part of the government suit, its shares also have fallen hard, dropping 8.8% today. it has shed more than $2 billion of market value this week. all five of the most actively traded exchange traded products were stronger today. the nasdaq 100 trackin
china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but traders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika miller, "n.b.r.," new york. >> tom: still ahead, the f
Search Results 0 to 4 of about 5 (some duplicates have been removed)